U.S. Dollar drops before Fed's policy makers speeches

Source: Bloomberg
© Scanpix/Reuters
The U.S. Dollar dropped today against 14 out of 16 main peers before the Fed's policy makers will make their speeches today about the future of the central bank's QE. The greenback fell 0.2% to 1.3033 per Euro today after reaching the highest point of 1.2985 since June 3 yesterday. The currency rose marginally against the Yen from 97.72 yesterday to 97.76 today.
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Thu, 27 Jun 2013 08:14:28 GMT

Aussie rises as Asian shares gain

The Australian Dollar jumped on Thursday against the greenback as Asian stocks recovered 1.6% and indicated possible stabilization after a decrease earlier this week. However, some investors worry about credit crunch in China, which might not allow the Aussie to rise further. The Australian currency rose 0.4% against the U.S. Dollar to 0.9314.

Thu, 27 Jun 2013 07:18:10 GMT

Asian stocks rally after U.S. growth revision

Asian stocks rose after the U.S. authorities revised Q1 growth downwards, which lead investors to believe that the Fed will not end its QE earlier. Improved situation in China's money markets also contributed to the rise. The MSCI shares outside Japan increased 1.8% today after increasing 1.9% yesterday. Shanghai stocks rose 1.2%, while the Nikkei index jumped 2%.

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